$70 Million Building in Adelaide Approved for Development

A 20-storey apartment building has been granted development assessment approval for Adelaide’s East End.

The $70 million “Monument” tower will rise 63 metres high and have sweeping views of the Adelaide foothills, parklands and city.

The project is a joint venture between Singapore-based financier and SA expat Mark Ebbinghaus and Adelaide developer C Projects. It is designed by BDA and TECTVS, based in Adelaide.

The apartment building will be set back from Rundle Street and East Terrace and will provide a unique movable mosaic through the innovative use of adjustable architectural screens on the building façades, which combine influences from the parklands and Colonel Light’s layout for the city

Design by architects BDA and Adelaide-based TECTVS, the apartment building will be set back from Rundle Street and East Terrace and will use adjustable screens to create a moveable “mosaic” on the building façades.

Stephen Connor, director of C Projects, said “As well as being catalyst for economic development in the East End, the design of this project will also see the existing heritage buildings on the site maintained and enhanced as part of the redevelopment.

“The project will also add significant employment and economic benefit for South Australia, with an estimated 110 jobs created in construction and a further 1100 jobs in the broader community.

“Not only is it the premier lifestyle destination in Adelaide, all apartments have superb, generous, functional floorplans and will enjoy priceless views.

“It’s a great time to be buying an apartment in Adelaide, with stamp duty, rate holiday and construction incentives available for early purchasers,” Mr Connor said.